Group items tagged

This article suggests ways for firms to invest their resources, or money. It talks about where money should be put in for the maximal profit.

This article is about how the scarce resource of water is affecting Iraq's stumbling economy. Although a "seawater injection" project has been designed to help Iraq's economy, the lack of resources is what is holding them back. There is also a lack of materials (industry sources) being used to extract the water from the fields; pipes, pumps and new kits to separate larger quantities of water are also scarce. Overall, this article shows that Iraq must deal with what materials or resources are vital to benefit themselves. Scarcity of water and labor sources are affecting a boost in their oil production. -Victoria Benavides

A news report focusing on the economic, meaning the resource consequences of the conflict between Ukraine and Russia, and also highlighting Europe`s dependance on Russia`s oil and how European nations would suffer if there were to be a conflict between Russia and the rest of Europe.

This article talk about how human impact on our oceans could lead to several extinction in the sea. Unsustainable fishing being a big contributor. This is a prime of example of Garrett Hardin idea of the Tragedy of the common as humans human as using up these shared resources for a private benefit, but they are not necessarily thinking about the future of these common resources. And supporting Garrett Hardin thoughts, we must find a way to determine which institutions are best to protect use resources.

This Article talks about the tragedy of the commons in Yukon. The territory has finite sources and ecologist Garret Hardin these resources have to be protected. But in Yukon and other places in the world today, these finite sources are not protected and corporations and companies can do what every they desire, This article outlines the problems of not protecting our natural resources, we are working against the good of the whole of society.

This article identifies the problem associated with over-fishing caused by the tragedy of the commons.

This article not only gives brief information about the Tragedy of Commons but also considers the daily applications of it. It talks about the current market failure in today's oceans. It talks about the loopholes of the Law of the Sea, whereas it considers the possible solutions to that problem.

IN 1968 an American ecologist, Garrett Hardin, published an article entitled "The Tragedy of the Commons". He argued that when a resource is held jointly, it is in individuals' self-interest to deplete it, so people will tend to undermine their collective long-term interest by over-exploiting rather than protecting that asset.

I think that the amount of resources are surpassed by the demand for chocolate which creates a huge problem.

Dude. this is crazy I had no idea! the demand for chocolate is much too high for the amount china can make. I think that we need to lower our chocolate distribution in order to sustain it for the future.

The article discusses how water is not recycled. I thought it applied because water is a Free Good but by being discarded in this way we are paying for it to be processed then discarded. I also thought it captured the first thing I learned of how scarce resources are/should be allocated

This is an article from 2001, however the material is regarding petroleum prices which I find increasingly relevant, since this finite resource is used everyday and gas prices in the US have recently in this month started to decrease. This begging the question, why? Could it be that we might see a price control on the fluctuating prices of gas regardless of the fact that the supply is low and demand is high?

Furman says that just because the US is growing its economy doesn't mean the rest of the world can slack off and rely on them, the US is not going to be able to save the rest of the world's economy. Other countries need to boost consumption and they have the resources to do so.

This article discusses the need for oil and how increase in demand in certain areas of the world cancel out decreases in other parts creating a worldwide balance. It also discusses what would happen were some factors to change e.g. increased interest in renewable fuels